ELGIN, Ill. — The Middleby Corporation announced the acquisition of Houno A/S ("Houno"). The acquired company, located in Denmark, manufactures combi-ovens for the commercial foodservice industry under the Houno brand name. Houno has approximately $10 million in annual sales concentrated in Denmark, Sweden, and the United Kingdom.
According to a news release, transaction enables Middleby to further advance its commercial cooking technologies and expand its product offerings in the fast-growing combi-oven market. Houno's products are recognized for their unique design, advanced control systems, and self-cleaning capabilities.
Selim Bassoul, chairman of Middleby, said the acquisition will help the company further penetrate the combi-oven market, "a market that is estimated to exceed $400 million worldwide."